Why is Tata Chemicals stock up 11% today?

Tata Chemicals stock soared more than 11% today as the Tata Group company reported a multifold increase in net earnings for the quarter ended March 2022. For the quarter ending March 2022, Tata Chemicals’ profit after tax was Rs 470.24 crore, up from Rs 29.26 crore the previous year. 
 
Following that, the stock climbed 11.37 percent to Rs 1047.75 on the BSE, up from a previous closing of Rs 940.75. After two days of consecutive losses, the stock has risen. On the BSE, the stock began 2.29 percent higher at Rs 962.30, up from a previous finish of Rs 940.75. 
 
During the quarter under review, consolidated income from operations increased by 32% to Rs 3,481 crore, up from Rs 2,636 crore in the preceding fiscal quarter. 
 
The company’s profit after tax on a consolidated basis increased by 221 percent to Rs 1,400 crore in the previous fiscal year, compared to Rs 436 crore the year before. In FY21, revenue from operations increased by 23.74 percent to Rs 12,622 crore, up from Rs 10,200 crore in FY21. 
 
Basic chemical goods and specialty products are the two commercial sectors of the Tata Group. Its basic chemistry products division manufactures inorganic chemistry products for a variety of industries, including glass, detergents, pharmaceuticals, biscuit production, bakeries, and others.

Tata Chemicals stock

Basic chemical goods and specialty products are the two commercial sectors of the Tata Group. Its basic chemistry products division manufactures inorganic chemistry products for a variety of industries, including glass, detergents, pharmaceuticals, biscuit production, bakeries, and others. 
 
Soda ash, sodium bicarbonate, salt, and other basic chemical goods are among the company’s offerings. Its speciality products include prebiotics, formulations for feed, food, and pharmaceutical customers, and specific silica for the rubber/tire sector. 

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